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David Schweikert: “GDP, the size of the economy in 2023, grew a trillion and a…”

Featuring: David Schweikert, Republican | U.S. House, Arizona, District 1

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Schweikert: It's Time for Members of Congress To Start Acting Like Adults

Published | Video Starts at 28:17

But if you had someone that says, but we'll just grow ourselves out of borrowing $100,000 a second, they are not good at math. Here's the basic simple rule. GDP, the size of the economy in 2023, grew a trillion and a half dollars. But you do understand for that growth you only get 17, 18, maybe even 19% of that in tax receipts. So in the gross, that's wonderful, but it's not dollar for dollar. (28:17–28:25)

CLAIM

Asserts that the U.S. GDP grew by $1.5 trillion in 2023.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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